File #: 24-0863    Version: 1 Name:
Type: Consent Calendar Item Status: Agenda Ready
File created: 9/12/2024 In control: Board of Directors
On agenda: 11/12/2024 Final action:
Title: Approve the Fiscal Year 2023-24 Safe, Clean Water and Natural Flood Protection Program Annual Report with Proposed Text Adjustments and Authorize Submission to the Independent Monitoring Committee for Review.
Attachments: 1. Attachment 1: Safe, Clean Water Program Background, 2. Attachment 2: FY24 Safe, Clean Water Annual Report, 3. Attachment 3: Project Text Adjustments, 4. Attachment 4: PowerPoint
BOARD AGENDA MEMORANDUM

Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)

SUBJECT:
Title
Approve the Fiscal Year 2023-24 Safe, Clean Water and Natural Flood Protection Program Annual Report with Proposed Text Adjustments and Authorize Submission to the Independent Monitoring Committee for Review.


End
RECOMMENDATION:
Recommendation
A. Approve the Fiscal Year 2023-24 Safe, Clean Water and Natural Flood Protection Program Annual Report (Annual Report) with text adjustments;
B. Authorize staff to submit the Annual Report to the Independent Monitoring Committee for its review; and
C. Authorize staff to update the Annual Report with audited financials, as necessary.


Body
SUMMARY:
Fiscal Year 2023-24 (FY24) Safe, Clean Water Annual Report

FY24 marked the third year for Santa Clara Valley Water District's (Valley Water) voter-approved renewed Safe, Clean Water and Natural Flood Protection Program (Program).
The renewed Program became effective on July 1, 2021, and is implemented on a 15-year financial cycle. This annual report (Attachment 1) provides FY24 progress updates for every project in the Program. The projects have specific key performance indicators (KPIs) to monitor the long-term performance.

For transparency and accountability, an external Independent Monitoring Committee (IMC) appointed by the Board conducts an annual review of the Annual Report and provides its recommendations to the Board.

Annual Report Improvements

On March 12, 2024, the IMC provided its recommendations to the Board. This was followed by staff presenting the Management Response to the Board and receiving directions on implementation. Valley Water has implemented the recommendations, which include adjusting project Benefits text to explain how the project addresses climate change impacts. Additionally, capital project schedules have been revised to identify the "plant establishment period," where applicable, and new graphs ha...

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